Asean China Free Trade Agreement
The Association of South East Asian Nations (ASEAN) was formed by Indonesia, Malaysia, Philippines, Thailand and Singapore in 1967. In 1980s, Brunei decided to join the organization, making it become well known as the ASEAN-6. Following Brunei, in 1990s, Cambodia, Laos, Myanmar and Vietnam (CMLV) also joined the bloc (Chia, 2004).
In 1992, a free trade agreement, namely ASEAN Free Trade Area (AFTA) was introduced. According to the agreement, tariffs are reduced to zero percent...
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